{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/33.2-299.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/33.2-299.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/33.2-299.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/33.2-299.html"}],"law_id":63198,"edition_id":1,"section_id":63198,"structure_id":14957,"section_number":"33.2-299","catch_line":"Recordkeeping; audits","history":"2020, cc. 1230, 1275.","full_text":"A\n\nThe accounts and records of the Authority showing the receipt and disbursement of funds from whatever source derived shall be in a form prescribed by governmental generally accepted accounting principles. Such accounts shall correspond as nearly as possible to the accounts and records for such matters maintained by enterprises.B\n\nThe accounts of the Authority shall be audited annually by a certified public accounting firm selected by the Auditor of Public Accounts with the assistance of the Authority through a process of competitive negotiation. The cost of such audit and review shall be borne by the Authority.C\n\nThe Authority shall submit an annual report to the Governor and the General Assembly on or before November 1 of each year. Such report shall contain the audited financial statements of the Authority for the fiscal year ending the preceding June 30.D\n\nThe Board, the General Assembly, or the Governor may at any time request that the Office of the State Inspector General, created pursuant to § 2.2-308, review any area of the Authority’s finances or operations.","order_by":null,"text":{"0":{"id":230417,"text":"The accounts and records of the Authority showing the receipt and disbursement of funds from whatever source derived shall be in a form prescribed by governmental generally accepted accounting principles. Such accounts shall correspond as nearly as possible to the accounts and records for such matters maintained by enterprises.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":230418,"text":"The accounts of the Authority shall be audited annually by a certified public accounting firm selected by the Auditor of Public Accounts with the assistance of the Authority through a process of competitive negotiation. The cost of such audit and review shall be borne by the Authority.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":230419,"text":"The Authority shall submit an annual report to the Governor and the General Assembly on or before November 1 of each year. Such report shall contain the audited financial statements of the Authority for the fiscal year ending the preceding June 30.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":230420,"text":"The Board, the General Assembly, or the Governor may at any time request that the Office of the State Inspector General, created pursuant to § 2.2-308, review any area of the Authority’s finances or operations.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C"}},"ancestry":[{"id":14957,"edition_id":1,"name":"Virginia Passenger Rail Authority Act","identifier":"6","label":"article","depth":4,"order_by":1,"parent_id":13136,"metadata":{},"date_created":"2026-06-26 03:51:05","date_modified":"2026-06-26 03:51:05","permalink":{"id":205283,"object_type":"structure","relational_id":14957,"identifier":"6","token":"33.2\/I\/2\/6","url":"\/33.2\/I\/2\/6\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13136,"edition_id":1,"name":"Transportation Entities","identifier":"2","label":"chapter","depth":3,"order_by":1,"parent_id":13135,"metadata":{},"date_created":"2026-06-26 03:44:20","date_modified":"2026-06-26 03:44:20","permalink":{"id":204875,"object_type":"structure","relational_id":13136,"identifier":"2","token":"33.2\/I\/2","url":"\/33.2\/I\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13135,"edition_id":1,"name":"General Provisions and Transportation Entities","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12806,"metadata":{},"date_created":"2026-06-26 03:44:20","date_modified":"2026-06-26 03:44:20","permalink":{"id":204787,"object_type":"structure","relational_id":13135,"identifier":"I","token":"33.2\/I","url":"\/33.2\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12806,"edition_id":1,"name":"Highways and Other Surface Transportation Systems","identifier":"33.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:54","date_modified":"2026-06-26 03:43:54","permalink":{"id":204785,"object_type":"structure","relational_id":12806,"identifier":"33.2","token":"33.2","url":"\/33.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":65292,"structure_id":14957,"section_number":"33.2-287","catch_line":"Definitions","url":"\/33.2-287\/","token":"33.2\/I\/2\/6\/33.2-287","metadata":false},{"id":83123,"structure_id":14957,"section_number":"33.2-288","catch_line":"Declaration of public purpose; 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This law was first created in 2020. The record of its establishment is cataloged in chapters 1230<\/a> and 1275<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":[{"id":56496,"section_number":"2.2-308","catch_line":"Office created; appointment of State Inspector General","order_by":null,"url":"\/2.2-308\/"}],"permalink":{"id":205333,"object_type":"law","relational_id":63198,"identifier":"33.2-299","token":"33.2\/I\/2\/6\/33.2-299","url":"\/33.2-299\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/33.2-299\/","token":"33.2\/I\/2\/6\/33.2-299","dublin_core":{"Title":"Recordkeeping; audits","Type":"Text","Format":"text\/html","Identifier":"\u00a7 33.2-299","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The accounts and records of the Authority<\/span> showing the receipt and disbursement of funds from whatever source derived shall be in a form prescribed by governmental generally accepted accounting principles. Such accounts shall correspond as nearly as possible to the accounts and records for such matters maintained by enterprises. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The accounts of the Authority<\/span> shall be audited annually by a certified public accounting firm selected by the Auditor of Public Accounts with the assistance of the Authority<\/span> through a process of competitive negotiation. The cost of such audit and review shall be borne by the Authority<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The Authority<\/span> shall submit an annual report to the Governor and the General Assembly on or before November 1 of each year. Such report shall contain the audited financial statements of the Authority<\/span> for the fiscal year ending the preceding June 30. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> The Board<\/span>, the General Assembly, or the Governor may at any time request that the Office of the State Inspector General, created pursuant to § 2.2-308<\/a>, review any area of the Authority<\/span>’s finances or operations. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nRECORDKEEPING; AUDITS (\u00a7 33.2-299)\n\nA. The accounts and records of the Authority showing the receipt and\ndisbursement of funds from whatever source derived shall be in a form prescribed\nby governmental generally accepted accounting principles. Such accounts shall\ncorrespond as nearly as possible to the accounts and records for such matters\nmaintained by enterprises.\n\nB. The accounts of the Authority shall be audited annually by a certified public\naccounting firm selected by the Auditor of Public Accounts with the assistance\nof the Authority through a process of competitive negotiation. The cost of such\naudit and review shall be borne by the Authority.\n\nC. The Authority shall submit an annual report to the Governor and the General\nAssembly on or before November 1 of each year. Such report shall contain the\naudited financial statements of the Authority for the fiscal year ending the\npreceding June 30.\n\nD. The Board, the General Assembly, or the Governor may at any time request that\nthe Office of the State Inspector General, created pursuant to § 2.2-308,\nreview any area of the Authority’s finances or operations.\n\nHISTORY: 2020, cc. 1230, 1275.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}